GE Capital Finances Denny’s Buy
GE Capital’s Franchise Finance provided an $11 million term loan and $2 million development credit line to restaurant operator RJC to support its recent acquisition of 26 Denny’s restaurants.
The restaurants are located in the Southeastern U.S.; 14 are in North Carolina, five in South Carolina, three in Alabama, and two each in Tennessee and Georgia. Eight are at Pilot Flying J truck stops. RJC is based in Pleasanton, CA.
This transaction was originated by Todd Cortell, managing director of strategic accounts at GE Capital, Franchise Finance.
“When the opportunity to acquire these units came up, it was a natural decision to reach out to GE Capital,” said RJC operating partner Pravesh Chopra. “I was confident they could help us close this transaction.”
“We’re pleased to be able to help RJC with this significant acquisition, and we’re ready to help with their future expansion plans,” said Trey Brown, GEFF’s sales leader.